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Multiple Choice Questions

Consider the following statements w r t recently released the National Time Release Study NTRS 2023 ...........

Current GK Indian Economy

Consider the following statements w.r.t recently released the National Time Release Study (NTRS) 2023 report.

1. This report was released by Central Board of Indirect Taxes and Customs (CBIC) along with other Members of the Board.

2. The average import release time has continued to improve, achieving 20 percent reduction in release time for ICDs; 11 percent reduction for ACCs; and 9 percent reduction for seaports in 2023 over 2022.

Which of the above statement is/are correct ?

Only 1

Only 2

Both

None of above

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Explanation:

Shri Vivek Johri, Chairman, Central Board of Indirect Taxes and Customs (CBIC) along with other Members of the Board released the National Time Release Study (NTRS) 2023 report. The average import release time has continued to improve, achieving 20 percent reduction in release time for ICDs; 11 percent reduction for ACCs; and 9 percent reduction for seaports in 2023 over 2022.

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